SPX S&P 500 60-Minute Chart with 200 EMA Cross

The SPX 60-minute chart with 200 EMA cross is a very useful VST (very short-term) stock market signal. The year thus far is a bunch of choppy whipsaw slop but the 200 EMA on the 60-minute at 6000 is the bull/bear line in the sand.

Bulls win big if the SPX remains above 6K; stocks will rally higher. Bears win big if the SPX slips below 6K; stocks will collapse. The SPX begins at 6038 and look at that, S&P futures are down -38. It appears the bulls and bears both know what the game is today. Two enter the cage match today but only one will exit. SPX 6000 is the judge and jury. Reba steams-up the courtroom. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added Thursday, 2/6/25, at 2:57 AM EST: The SPX rallies to 6061 yesterday as the VIX drops to 15.77. The dance continues.

Note Added Friday Evening, 2/7/25, at 6:17 PM EST: The SPX finishes the week at 6026 down on the week. The neggie d on the weekly chart identified the top 3 weeks ago, on the weekly basis, and price drifts lower to 5924 testing the 20-wk MA support at 5928. Price then recovered one hundo points off the bottom so the support held. Write 5924-5928 on a sticky note and put it on your forehead. It will likely be important next week. Markets are closed for President's Day on Monday, 2/17/25, and stocks are usually happy the 2 days before a 3-day weekend (Thursday and Friday) so if the bears want to raise a little Hell, like the Ozark boys, they need to be ready to play Monday through hump day. Valentine's Day is Friday so thoughts will turn to love, and the reason for living, on Friday. The 200 EMA on the SPX 60-minute chart is 6010 only 16 points below the closing price. The 20-day MA is 6009 and the 50-day MA is 6001. The 6009-6010 is where the wheels begin falling off the stock market, then 6000-6001 will be lost, then 5924-5928 is where blood and carnage begins. The 100-day MA at 5906 and rising would be the last hope for the bulls before they fall into the bottomless pit. VIX is at 16.54 in the bull camp with the line in the sand at 16.87 only 33 cents away. This is fun to watch. Greed always takes its pound of flesh. Plan accordingly so you can take care of your Country Girl. Black Monday?

Not Added Friday Evening, 2/21/25: SPX 6013. 

Note Added Thursday, 2/27/25: The SPX and US stock market explodes as described above. Stocks sell off with traders running for their lives. Equities remain weak. SPX collapses to 5861. The neggie d spankdown on the SPX weekly basis in progress.

Note Added Tuesday Morning, 3/4/25, at 7:43 AM EST: Stocks puke yesterday since the bulls continue to need taught a lesson for being too complacent. Don't panic! Don't panic! The SPX loses 105 points, -1.8%, to 5850. It's Beautiful! Even yesterday, as stocks collapse, face after face on business television said it is a buying opportunity. People are still not panicked or fearful at all. The big bull party continue without a care in the world despite the SPX teasing the 5700's yesterday. These are some of the same people calling for SPX 7K and higher this year. The CPC edges higher to 0.94 and CPCE is at 0.64. Burp. Belly scratch. Yawn. No one is worried at all, thus, the beatings will continue until moral improves.